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SKYY vs. IGLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SKYY vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust ISE Cloud Computing Index Fund (SKYY) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SKYY achieves a 13.58% return, which is significantly higher than IGLD's 1.69% return.


SKYY

1D
-3.49%
1M
16.66%
YTD
13.58%
6M
12.79%
1Y
26.22%
3Y*
25.41%
5Y*
8.47%
10Y*
17.20%

IGLD

1D
-0.81%
1M
-1.33%
YTD
1.69%
6M
4.44%
1Y
24.53%
3Y*
23.01%
5Y*
13.02%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKYY vs. IGLD - Yearly Performance Comparison


2026 (YTD)20252024202320222021
SKYY
First Trust ISE Cloud Computing Index Fund
13.58%9.20%35.87%52.18%-44.68%7.44%
IGLD
FT Cboe Vest Gold Strategy Target Income ETF
1.69%47.46%19.36%9.24%-2.34%4.30%

Correlation

The correlation between SKYY and IGLD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Mar 4, 2021

0.09

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Return for Risk

SKYY vs. IGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SKYY
SKYY Risk / Return Rank: 2424
Overall Rank
SKYY Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
SKYY Sortino Ratio Rank: 2626
Sortino Ratio Rank
SKYY Omega Ratio Rank: 2626
Omega Ratio Rank
SKYY Calmar Ratio Rank: 2121
Calmar Ratio Rank
SKYY Martin Ratio Rank: 1919
Martin Ratio Rank

IGLD
IGLD Risk / Return Rank: 2828
Overall Rank
IGLD Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IGLD Sortino Ratio Rank: 2727
Sortino Ratio Rank
IGLD Omega Ratio Rank: 3232
Omega Ratio Rank
IGLD Calmar Ratio Rank: 2828
Calmar Ratio Rank
IGLD Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKYY vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


SKYYIGLDDifference
Sharpe ratioReturn per unit of total volatility

-0.11

Sortino ratioReturn per unit of downside risk

+0.01

Omega ratioGain probability vs. loss probability

1.18

1.22

-0.04

Calmar ratioReturn relative to maximum drawdown

0.96

1.40

-0.44

Martin ratioReturn relative to average drawdown

2.16

3.82

-1.67

SKYY vs. IGLD - Sharpe Ratio Comparison

The current SKYY Sharpe Ratio is 0.95, which is comparable to the IGLD Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SKYY and IGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


SKYYIGLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.95

1.06

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.86

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.94

-0.36

Drawdowns

SKYY vs. IGLD - Drawdown Comparison

The maximum SKYY drawdown since its inception was -53.20%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for SKYY and IGLD.


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Drawdown Indicators


SKYYIGLDDifference

Max Drawdown

Largest peak-to-trough decline

-53.20%

-18.59%

-34.61%

Max Drawdown (1Y)

Largest decline over 1 year

-27.39%

-17.56%

-9.83%

Max Drawdown (3Y)

Largest decline over 3 years

-31.80%

-17.56%

-14.24%

Max Drawdown (5Y)

Largest decline over 5 years

-53.20%

-18.59%

-34.61%

Max Drawdown (10Y)

Largest decline over 10 years

-53.20%

Current Drawdown

Current decline from peak

-4.79%

-15.16%

+10.37%

Average Drawdown

Average peak-to-trough decline

-10.90%

-5.24%

-5.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.20%

6.43%

+5.77%

Volatility

SKYY vs. IGLD - Volatility Comparison

First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 11.77% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 5.12%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SKYYIGLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.77%

5.12%

+6.65%

Volatility (6M)

Calculated over the trailing 6-month period

23.23%

21.01%

+2.22%

Volatility (1Y)

Calculated over the trailing 1-year period

27.86%

23.24%

+4.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

30.58%

15.17%

+15.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.85%

15.00%

+11.85%

SKYY vs. IGLD - Expense Ratio Comparison

SKYY has a 0.60% expense ratio, which is lower than IGLD's 0.85% expense ratio.


Dividends

SKYY vs. IGLD - Dividend Comparison

SKYY has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 17.92%.


PositionTTM20252024202320222021202020192018201720162015
IGLD
FT Cboe Vest Gold Strategy Target Income ETF
17.92%9.91%20.81%7.85%4.45%2.24%0.00%0.00%0.00%0.00%0.00%0.00%
SKYY
First Trust ISE Cloud Computing Index Fund
0.00%0.00%0.00%0.00%0.23%0.78%0.17%0.54%0.37%0.27%0.35%0.41%

Frequently Asked Questions


SKYY and IGLD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SKYY has higher volatility (11.77%) compared to IGLD (5.12%). In terms of maximum drawdown, SKYY dropped -53.20% vs IGLD's -18.59%.

On 5-year performance, IGLD leads with 13.02% vs 8.47% for SKYY. On fees, SKYY is cheaper at 0.60% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IGLD has performed better with a 13.02% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SKYY is cheaper with a 0.60% expense ratio, compared with 0.85% for IGLD.

IGLD has the higher dividend yield at 17.92%, compared with 0.00% for SKYY.

SKYY is categorized as Technology Equities, while IGLD is Precious Metals. Their fees differ too: 0.60% for SKYY and 0.85% for IGLD.

IGLD currently has the higher Sharpe Ratio (1.06 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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